Buying a New Car

QUESTION: Can I own or lease a new car and still meet the first Brunner prong?

ANSWER: You can buy a new car and still wipe out your student loans. However, your car must be economical. Avoid driving luxury cars or sports cars.

Be prepared to explain to the court why you need a reliable car to drive to work or take your kids to school. Be prepared to explain why you can’t take the bus instead.

New Car Warranty and Mileage

Does your car payment include a warranty plan? Does your car get good gas mileage? These are all questions you should ask yourself before buying choosing the right car to buy.

You should also consider the added expenses of owning a car. Is public transit a smarter choice when you consider your car payment, warranty payment, general expenses and upkeep, gas, and full coverage insurance?

Use our free guide to improve your odds at wiping out your student loans. For a free LARGE PRINT softbound copy of our 84-page guide book, call 503-201-4570. To read the guide as a free eBook, click here.

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Our Pro Bono Mission

Our mission is simple: help wipe out as many student loans in Oregon bankruptcy courts as possible. This website, and the free 84-page Oregon Student Debt guide, are a pro bono project by Portland attorney Michael Fuller.
Michael Fuller practices consumer law as a partner at Olsen Daines PC. He teaches consumer law as an adjunct professor at Lewis & Clark Law School.